Knowledge Partners

January 09, 2013

Deal Alert: Matrix Partners invests in mobile POS firm Mswipe

Matrix Partners India has led the first round of institutional investment in Mumbai-based Mswipe Technologies Private Limited. Mswipe provides point of sale (POS) solutions which enable merchants to accept debit and credit card payments using their Android, iOS or notably feature phones. In the four months since going live, Mswipe’s POS terminals have been deployed in over 200 cities and towns across

India.

From the Venture Intelligence PE Deal database: Matrix Partners has invested Rs.3 crore in Mswipe, while others – including angel Investors like Deepak Shahdadpuri (founder of PE firm Beacon India), Haystack Investments Mautirius and individuals have invested another Rs.1 crore. Rishi Navani of Matrix Partners India and Shahdadpuri have joined the company’s board.

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